Rolls-Royce CEO fired managers and held staff brainstorms as part of a ‘4 pillar’ turnaround plan that led to 500% share price jump

Quick Summary:

Tufan Erginbilgiç's four pillars involved showing employees the extent of Rolls-Royce's issues, then giving them a say in fixing them.

At the same time, Erginbilgiç held workshops for 500 employees to allow brainstorming and the implementation of the best ideas.

Bayer’s CEO, Bill Anderson, got rid of more than 5,000 employees, mostly in managerial positions, and asked employees to self-organize and work in 90-day “sprints” in self-directed teams.

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Article Details

Author / Journalist: Ryan Hogg

Category: EconomyBusiness

Markets: United States

Topics: Editor's Picks Fortune 500 Europe Managers Boeing Airbus Group Management Rolls-Royce Holdings Airplanes Chief executive officer (CEO) Europe CEO Rolls-Royce

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 11:45:59 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 139 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27321279

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